Nestlé to strengthen innovation capabilities in Latin America
Nestlé announced a new Research & Development (R&D) Center for Latin America to innovate for and with consumers in the region, while leveraging the company’s global science and technology capabilities.
The proximity to consumers as well as Nestlé’s commercial teams and production facilities in Latin America will enable the development of tasty, nutritious, affordable, and sustainable products that are highly relevant to local consumers. The center will also strengthen the company’s collaborations with universities, start-ups and entrepreneurs across Latin America.
The inauguration of the new center in Santiago, Chile, was attended by Hernan Fernandez, Managing Partner at Angel Ventures, Gabriel Boric, the President of Chile as well as other local authorities and representatives of the innovation ecosystem.
Speaking at the official inauguration, Laurent Freixe, Nestlé CEO of Zone Latin America said “The opening of this world-class Research and Development center in Santiago is a strong signal of Nestlé’s commitment to Latin America after more than 100 years of presence in the region. Nestlé continues to invest and expand its footprint, now in the area of science and technology, to bring innovative food and beverage solutions adapted to the lifestyle and needs of Latin American families.”
Each year, Nestlé invests about CHF 1.7 billion in its global Research and Development network which consists of 23 locations around the world. This new R&D center builds on Nestlé’s longstanding presence in Chile, which already includes a dedicated R&D team for biscuits in Santiago, Chile. By strengthening its innovation capabilities in Latin America with a new and larger scope, Nestlé can turn great ideas and cutting-edge technologies into locally relevant innovations faster, and in a more agile way.
For more information: https://www.nestle.com/media/news/nestle-new-research-center-latin-america